Posted on

Faraday Future demotes founder as management shakeup continues



Share

Faraday Future, the troubled EV startup turned publicly traded company, has taken more disciplinary action as part of its now concluded internal investigation, including removing founder and former CEO Yueting Jia as an executive officer.
The company said in a securities filing Thursday that Yueting Jia, or YT, will continue in his position as chief product officer and report to the executive chairperson. However, YT’s role will be limited to focusing only on product and mobility ecosystem, internet, AI and advanced R&D technology. He will no longer be an executive officer, the company said in the filing.
It is unclear whether the investigation’s end will let the company file its 2021 annual report on time so that it can comply with Nasdaq regulations without the risk of getting deliste …

Read More